How using AI could raise your margins

13.09.2022 | PriceCast Fuel

PriceCast Fuel (PCF) is the fuel retail industry’s most advanced pricing solution, driven by artificial intelligence. PCF helps fuel pricing analysts to remove the guesswork in their everyday decision making and empowering them to become more strategic.

The Oil Price Information Service (OPIS) has forecast an intense period for fuel retailers due to the current market volatility. This unprecedented instability makes pricing even more difficult for retailers. One example highlighted in OPIS’s latest report saw rack-to-retail margins in Cincinnati, Ohio, U.S. bounce between -1cts/gal to more than 52cts/gal over a 45 -day period during Spring 2022.

PCF technology is capable of making millions of decisions in microseconds based on a multitude of real time inputs and the self-learning technology is constantly working to improve outcomes. Even in a competitive market stacked with traditional brands, aggressive convenience store chains, supermarkets, warehouse clubs and independents battling for customer attention; existing users of PCF are typically experiencing margin and volume gains of between 2-8% and 5-7% respectively.

OPIS, A Dow Jones Company is an investor in A2i Systems and distributor of PriceCast Fuel in the North American market.

A2i will be at the 2022 NACS Show, which takes place 2-4 October at the Las Vegas Convention Center, Las Vegas. The team will be located at booth 6237 alongside Oil Price Information Service (OPIS). To find out how AI driven fuel pricing could increase your returns, get in touch.

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